Modern Method of Auction
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See how verdicts work2-bedroom bungalow · PL13 1QE
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Chain free bungalow enjoying distant rural views. Benefitting from driveway parking, gardens, oil heating and a edge of village setting.
The accommodation comprises; two bedrooms, shower room, hallway, kitchen, lounge, dining room and side porch.
The village of Widegates offers an extensively stocked farm shop, along with a village hall, bus routes, and kids play park.
The church of England primary school Trenode was rated good by Ofsted in 2022, is located about half a mile from the village.
A short driveaway is the seaside holiday town of Looe is located in an Area of Great Landscape Value Looe keeps visitors entertained all year round whilst still retaining a working fishing port.
Stand on the quayside in the evening and watch the boats return before dining on fresh fish in a local restaurant.
The town prides itself on its fresh fish, and be it award winning fish and chips near the river or gourmet menus in smart restaurants overlooking the harbour, you know you won't be disappointed.
To work off a fine meal, Looe is a great place for walking as the South West Coast Path passes through the town, plus there are countless walks through the town to explore the historic narrow streets or along the two rivers into the surrounding beautiful countryside.
For children, a safe sandy beach with rock pools offers hours of free fun, and should you wish why not try a fishing trip or there's always crabbing from the quayside.
Looe straddles both sides of Looe River with its historic bridge & stone harbour side, with a thriving tourist industry, popular with boating & sea fishing enthusiasts.
There are a wide range of shopping, Tourist attractions & community facilities.
On the edge of the town just a short stroll is Looe station which links with the main line at Liskeard station with onward services to London.
Hallway Loft access, storage cupboard, radiator and laminate flooring. Lounge (3.94m x 3.45m) Double glazed window enjoying a distant rural view. Focal point fire place and radiators.
Dining Room 3.02m max x 2.9m - Former bedroom with double glazed window to the rear garden. Cupboard and radiator.
Kitchen (3.48m x 3m) Double glazed window to the rear garden along with picture window and door to side porch. Range of base, wall and drawer units complemented by work tops.
Sink and drainer with tiled splash backs and flooring. Oil boiler, electric oven and hob with hood over. Integrated dishwasher and washing machine. Radiator and space for a fridge/freezer.
Side Porch (2.92m x 1.57m) Double glazed windows some obscured with doors to the front and rear. Tiled flooring and radiator.
Bedroom One 3.66m into bed recess x 3.45m - Double glazed window taking in a distant countryside vista. Wardrobes with bridging unit and a radiator.
Bedroom Two (4.78m x 2.24m) Former garage with dual aspect double glazing looking out to a distant rural vista. Radiator. Shower Room Obscure double glazed window.
Shower cubicle with an electric shower, basin and wc. Radiator, cupboards, tiled walls and an electric wall heater.
Outside To the front is a tarmac driveway for two cars along with a patio, lawn and shrub borders. The front garden enjoys a distant countryside view. Access to the rear via the side porch.
The rear garden backs onto a field and is mainly laid to lawn and patio. Summer house, two garden sheds and a screened off oil tank.
Agents Note Buyers are advised to make their own enquiries regarding the conversion of the Garage as no documentation held by the current vendors.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty (truncated)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Morview Road, Widegates
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